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Tata Money Market Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.93 0.06 0.09 0.54 1.46 3.24 7.68 4.91 6.08 6.96 --
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 --
Debt: Money Market 0.91 0.06 0.10 0.52 1.47 3.37 7.65 7.29 7.68 8.15 --
Rank within category 9 8 15 9 13 15 10 13 13 13 --
Number of funds in category 19 19 19 19 19 19 17 13 13 13 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.34 (26-Mar-2019 - 02-Apr-2019) -5.89 (25-Oct-2018 - 01-Nov-2018)
Month 0.99 (20-Nov-2018 - 21-Dec-2018) -5.42 (05-Oct-2018 - 06-Nov-2018)
Quarter 2.69 (06-Nov-2018 - 07-Feb-2019) -5.84 (07-Aug-2018 - 06-Nov-2018)
Year 9.76 (24-Jul-2013 - 24-Jul-2014) -0.62 (01-Nov-2017 - 01-Nov-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.87 3.57 -0.23 -0.08 0.56 0.09
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 7.05 0.70 3.24 7.87 0.99 2.98
Rank within category 15 15 15 15 3 15
Number of funds in category 15 15 15 15 15 15

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 21 6 16
Modified Duration (yrs) 0.42 0.56 0.29 0.34
Average Maturity (yrs) 0.42 0.56 0.29 0.33
Yield to Maturity (%) 5.69 7.97 5.47 5.72

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal National Bank Agr. Rur. Devp 15/05/2020 Securitised Debt A1+ 0.00 - 9.35 9.35
equal Export-Import Bank 180-D 27/05/2020 Commercial Paper A1+ 0.00 - 9.33 9.33
equal Bajaj Finance 364-D 26/06/2020 Commercial Paper A1+ 0.00 - 7.41 7.41
equal SIDBI 28/01/2020 Commercial Paper A1+ 0.00 - 6.88 4.75
equal REC 274-D 07/02/2020 Commercial Paper A1+ 0.00 - 5.81 4.75
equal HDFC Credila Financial Services 273-D 20/02/2020 Commercial Paper A1+ 0.00 - 7.91 4.74
equal Reliance Industries 109-D 06/03/2020 Commercial Paper A1+ 0.00 - 4.73 4.73
equal Standard Chartered Invest&Loan 365-D 13/03/2020 Commercial Paper A1+ 0.00 - 5.75 4.72
new Reliance Retail Ltd. 150-D 30/04/2020 Commercial Paper A1+ 0.00 - 4.68 4.68
equal Indian Bank 2020 Certificate of Deposit A1+ 0.00 - 4.66 4.66
new Reliance Industries 179-D 29/05/2020 Commercial Paper A1+ 0.00 - 4.66 4.66
equal Can Fin Homes 363-D 01/06/2020 Commercial Paper A1+ 0.00 - 6.67 4.65
equal HDFC 364-D 26/08/2020 Commercial Paper A1+ 0.00 - 5.59 4.58
new Fullerton India Credit 284-D 14/09/2020 Commercial Paper A1+ 0.00 - 4.55 4.55
equal Indian Bank 25/11/2020 Certificate of Deposit A1+ 0.00 - 4.53 4.53
new Axis Bank 24/12/2020 Certificate of Deposit A1+ 0.00 - 4.50 4.50

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2019

Fund Manager

— Amit Somani since 16-Oct-2013

Education: Mr.Somani is a B.Com, PGDBM and CFA.

Experience: Prior to joining Tata Asset Management Ltd in 2010 he has worked with Fidelity Investments Netscribes Pvt. ltd, SPA Capital and Khandwala Securities.

Funds Managed:


0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 3,440.6605

Dividend Daily: ₹ 1,114.5200


Investment Strategy

The scheme seeks to generate returns with reasonable liquidity to the unit holders by investing in money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 7.00%
Benchmark: CRISIL Money Market Index
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 647 Cr (As on 31-Jan-2020)
Expense: 0.22% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily24-Feb-20200.4601

 20-Feb-20200.1778
 18-Feb-20200.0832
 17-Feb-20200.3724
 14-Feb-20200.1178
 13-Feb-20200.1421
 12-Feb-20200.1643
 11-Feb-20200.2583
 10-Feb-20200.4154
 07-Feb-20200.2036
 06-Feb-20200.3979
 05-Feb-20200.1218
 04-Feb-20200.1365
 03-Feb-20200.3677
 31-Jan-20200.1087
 30-Jan-20200.1256
 29-Jan-20200.1523
 28-Jan-20200.1436
 27-Jan-20200.3741
 24-Jan-20200.1201
 23-Jan-20200.1654
 22-Jan-20200.1397
 21-Jan-20200.1274
 20-Jan-20200.3477
 17-Jan-20200.1766
Dividend Monthly27-Oct-20173.7944

 27-Sep-20173.6713
 29-Aug-20174.2135
 27-Jul-20173.8230
 28-Jun-20173.8741
 29-May-20174.2450
 26-Apr-20173.5402
 30-Mar-20174.6491
 23-Feb-20173.5374
 27-Jan-20173.9238
 28-Dec-20163.6975
 28-Nov-20164.3987
 26-Oct-20163.7650
 28-Sep-20164.0454
 29-Aug-20164.5844
 27-Jul-20164.2550
 28-Jun-20164.7919
 27-May-20164.6437
 27-Apr-20164.9608
 30-Mar-20165.4525
 25-Feb-20164.3297
 27-Jan-20164.2648
 29-Dec-20154.8629
 26-Nov-20154.2937
 28-Oct-20154.7126
Dividend Weekly24-Oct-20170.8542

 17-Oct-20170.8898
 10-Oct-20170.8752
 03-Oct-20170.9251
 26-Sep-20170.8974
 19-Sep-20170.8958
 12-Sep-20170.8726
 05-Sep-20170.8700
 29-Aug-20170.8830
 22-Aug-20170.8877
 15-Aug-20170.8931
 08-Aug-20170.9142
 01-Aug-20170.8877
 25-Jul-20170.9038
 18-Jul-20170.9174
 11-Jul-20170.9339
 04-Jul-20170.9405
 27-Jun-20170.9129
 20-Jun-20170.9025
 13-Jun-20170.8930
 06-Jun-20170.8970
 30-May-20170.9024
 23-May-20170.9087
 16-May-20170.9270
 09-May-20170.8709

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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